Zscaler Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Core Viewpoint - Zscaler, Inc. is set to release its first-quarter earnings on December 2, with expectations of a decline in earnings per share and an increase in revenue compared to the previous year [1]. Financial Performance - Analysts predict Zscaler will report earnings of 63 cents per share, down from 67 cents per share in the same quarter last year [1]. - The company is projected to report revenue of $605.55 million for the recent quarter, up from $496.7 million a year earlier [1]. - In the fiscal fourth quarter, Zscaler reported revenue of $592.9 million, exceeding the consensus estimate of $567.933 million [2]. Stock Performance - Zscaler shares experienced a decline of 2.5%, closing at $204.96 [3]. Analyst Ratings - BTIG analyst Gray Powell maintained a Buy rating and raised the price target from $205 to $238 [5]. - Jefferies analyst Joseph Gallo maintained a Buy rating and increased the price target from $225 to $245 [5]. - Keybanc analyst Eric Heath maintained an Overweight rating and raised the price target from $220 to $245 [5]. - Barclays analyst Saket Kalia maintained an Overweight rating and increased the price target from $200 to $220 [5]. - Stifel analyst Adam Borg maintained a Buy rating and boosted the price target from $220 to $235 [5].